Zentek Announces Closing of Non-Brokered Private Placement of Units

Core Points - Zentek Ltd. has successfully closed a non-brokered private placement of units, raising gross proceeds of $3,069,950 through the issuance of 2,361,500 units at a price of $1.30 per unit [2][3] - The net proceeds from the offering will be allocated for working capital and general corporate purposes, supporting the company's international market expansion strategy [3][4] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of $3.00 for a period of 24 months [3][4] Financial Details - The cash commission paid to eligible persons in connection with the offering totaled $29,499.40 [4] - The offering is subject to necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange [4] Company Overview - Zentek is an intellectual property development and commercialization company focused on creating novel products that enhance the safety and sustainability of commercial partners' offerings [6] - The company's patented technology platform, ZenGUARD™, demonstrates 99% anti-microbial activity and aims to improve viral filtration efficiency in HVAC systems [7]